Notifications
Clear all
Topic starter
26/06/2012 9:56 am
I completed my Trust Deed over 12 months ago now. I thought after the long 3 years that this was the light at the end of the tunnel, but it hasnt been for me. My credit file has 2 creditors that are still reporting me as Defaulting. One of the creditors is a debt recovery agency that I never actually had any dealings with. In addition I have one CCJ which is also 'outsntanding'.
I have tried to apply for high interest, bad debt dredit cards to build my credit rating but have been rejected, most likely because of the defaults still live on my credit rating.
What can I do to get my credit file to reflect my actual current status? Are there any agencies or organisations that I can consult to help with this issue?
I have read on some other forums on the web that you should contact the creditors and ask them to update the files. Then follow this up with a letter. The problem for me is that I work in overseas and have no access to any of the account numbers relating to the original debts. In fact I doubt that I even have that information at home.
Is it really just a simple as giving huge companies a call and politely asking them to update your credit file??
I now have a good job and am saving up a deposit for a house. However I will never be able to get a mortgage if my credit file is not updated.
Any help / advice would be greatly appreciated.
Thanks.
26/06/2012 10:10 am
Hi steven26784. Welcome to the forum and congratulations on completing your trust deed.
The following article should help you to deal with default notices as best as you can:
https://www.trust-deed.co.uk/repair-your-credit-rating.html
You may need the creditor details. Perhaps your trustee could supply these to you?
Negative credit events will vanish from your credit file after six years.
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds 
Topic starter
26/06/2012 10:35 am
Can you confirm that if the debt is not marked-up as settled then it will drop off after 6 years from the date of the last default? I presumed that the debt would have to be marked as settled before it would be removed.
Also I note from the article that the creditors are under no obligation to update your file with 'settled' as this is not an accurate reflection of what actually happened. Are they obligated to mark up your credit file with 'partially paid'?
Another problem is that some of the Defaults of settled accounts are marked up as 18 months after the start of the TD. Should I be writing to these creditors and asking them to mark up the file with accurate date of commencement of TD?
Thanks again!
26/06/2012 12:19 pm
You have to write to all your creditors and ask them to update your file as satisfied but the default will remain for 6 years. It's correct as in you defaulted on paying but should be marked satisfied because a payment will have been agreed and made with your dividends. I got discharged in January and got the final letter recently and I still have stuff marked as live on my credit file. The AIB register is also incorrect as it doesn't have a discharge date against it.
They should update your file with the discharge date of when your trust deed became protected. My dates are all over the place - differs over about 10 months from my date of signing.
Nothing left to discharge - everything's done and dusted!
26/06/2012 3:11 pm
Hi again.
Most creditors will mark defaults as satisfied, some as partially satisfied.
You'll want default dates to be at the latest around the start of the trust deed. You're entitled to this.
If some creditors are still adding new reporting you'll want it to stop and be corrected.
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds
26/06/2012 4:26 pm
Hi Steven 26784, I finished my TD nearly 3 years ago. I found a template letter to get the default date corrected on MSE and also a template letter to get all accounts marked as settled (legal minimum requirement is partially settled). I did not have my account numbers either and one phone call to creditors and they gave me this info. It is worth noting that even if an original creditor in the TD sold the debt on they are the ones responisblle for ensuring that your credit report is up to date - I wrote original creditors and never to who the debt had been sold on to. Hope this helps.
Also, I got a mortgage end of last year from my current account provider (Originally tried a couple of IFA's but to be honest with the way the market was/is they were not very helpful). This was with the defaults still on although marked as settled. There is light at the end of the tunnel.
